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Tuesday, October 31
Sterling hits a high against the Euro
by
Jet-to-Let Magazine
on Tue 31 Oct 2006 10:13 GMT
Robust UK housing datapropelled sterling to a 15-month peak against the euro yesterday. Already on the front foot after data from Hometrack, a property website, showed UK house prices rising at their fastest pace for two years in October, the pound extended its gains after the Bank of England said ... more »
UK mortgage approvals hit 2 year high
by
Jet-to-Let Magazine
on Tue 31 Oct 2006 10:10 GMT
The number of mortgage approvals in September were at their highest in more than two years, the Bank of England said yesterday, reinforcing expectations its monetary policy committee will increase interest rates to 5 per cent next month. The loan data are considered by analysts to be a good lead ... more » Friday, October 27
UK interest rate 'must rise twice' to tackle inflation
by
Jet-to-Let Magazine
on Fri 27 Oct 2006 08:40 BST
Interest rates will need to rise to 5¼ per cent in the coming months if inflation is to fall back to its target by the end of next year, a respected economic think-tank says today. In its latest forecast for the UK and world economy, the National Institute of Economic ... more » Wednesday, October 25
Spain: property groups build in risk of a slowdown
by
Jet-to-Let Magazine
on Wed 25 Oct 2006 12:22 BST
Over the past five years the Spanish real-estate market has exploded amid a fertile construction sector, historically low interest rates and record investment from within the country and abroad. Lately, property companies have embarked on a slew of takeovers, initial public offerings and foreign acquisitions. Some observers attribute the activity ... more » Friday, October 20
UK GDP growth beats expectations
by
Jet-to-Let Magazine
on Fri 20 Oct 2006 10:03 BST
The UK economy grew at its fastest rate for two years in the third quarter of this year, the Office for National Statistics (ONS) has said.
UK GDP grew by 0.7% between July and September, compared with the previous quarter. A rate of just 0.6% had been expected by forecasters. ... more »
Wednesday, October 18
Assetz warn of hype in Bulgaria's property market
by
Jet-to-Let Magazine
on Wed 18 Oct 2006 12:11 BST
Stuart Law of Assetz warned yesterday that there was too much hype involved in selling Bulgarian property, a view we have held at Bewarethesharks.com for the past 2 years and consequently we advised investors to avoid this market. "There have been massive amounts of misinformation because people have thought ... more »
German economy is growing at its fastest rate since 2000
by
Jet-to-Let Magazine
on Wed 18 Oct 2006 10:00 BST
The German economy is growing at its fastest rate since 2000 and companies have begun to re-hire after five years of downsizing. The German government will on Friday add just less than a percentage point to its gross domestic product growth estimate for this year, underlining the robustness of the ... more » Tuesday, October 17
UK inflation figures boost sterling
by
Jet-to-Let Magazine
on Tue 17 Oct 2006 11:49 BST
The pound jumped to one-week high against the dollar and climbed against the euro on Tuesday after Official data showed that consumer prices rose 2.4 per cent in the year ... more » Monday, October 16
FT Index shows a rise in UK property prices
by
Jet-to-Let Magazine
on Mon 16 Oct 2006 10:11 BST
London house prices have surged by nearly 10 per cent in the past year, driving up property values across England and Wales in spite of August’s interest rate rise, according to the FT house price index. Prices levelled off over the summer, but have bounced back to rise by 0.5 ... more » Tuesday, October 10
The rise of the landlord millionaire
by
Jet-to-Let Magazine
on Tue 10 Oct 2006 13:26 BST
Research published by Paragon Mortgages shows the remarkable growth of the buy-to-let business in just ten years. The average professional buy-to-let investor now owns 12 properties, usually flats or houses in city centres, worth £1.54m. To qualify as a 'professional', they have to own at least three properties and have ... more » Monday, October 9
Poland, Hungary and Czech Republic cannot afford to delay Euro
by
Jet-to-Let Magazine
on Mon 09 Oct 2006 10:00 BST
We all had a good laugh at the admission by Ferenc Gyurcsány, the Hungarian prime minister, that he lied morning, noon and night. But it is worth stepping back to look at the story behind the lies, and beyond Hungary. The 10 accession countries enjoyed seemingly miraculous economic runs through ... more »
UK country house prices soar 13% in a year
by
Jet-to-Let Magazine
on Mon 09 Oct 2006 09:00 BST
Country houses in the Home Counties are the latest beneficiaries of a recovery in the housing market, with values rising at their fastest level for six years. Rural homes of the sort favoured by City commuters leapt in value by 12.6 per cent in the past year, according to figures ... more » Friday, October 6
Dominic Farrell - Global interest rates, Eastern Europe and Cyprus
by
Jet-to-Let Magazine
on Fri 06 Oct 2006 10:47 BST
Another busy, but enjoyable week goes by. Monday we had an evening seminar in Liverpool which was well attended with some investors flying in for the night – a classic “Ryanair effect” I had 2 days in London, on the radio for one of them which I enjoyed ... more » Thursday, October 5
European Central Bank raises rates to 3.25%
by
Jet-to-Let Magazine
on Thu 05 Oct 2006 15:18 BST
European Central Bank rasies rates by 25bps to 3.25% more »
Bank of England leave rates unchanged at 4.75%
by
Jet-to-Let Magazine
on Thu 05 Oct 2006 15:15 BST
The Bank of England left interest rates unchanged at 4.75 per cent on Thursday, but the City expects another quarter point increase before the year is out. The Bank's decision to stay its hand was forecast by economists, but a recent Reuters poll showed almost unanimity in the belief that ... more » Wednesday, October 4
"Substantial correction" in US property market - Fed Chairman
by
Jet-to-Let Magazine
on Wed 04 Oct 2006 22:41 BST
A "substantial correction" is under way in the US housing market but it has not so far had a big effect on the rest of the economy, Ben Bernanke, the chairman of the Federal Reserve, said on Wednesday. The Fed chairman told the Economic Club of Washington that the decline ... more »
UK property market up 1% in September
by
Jet-to-Let Magazine
on Wed 04 Oct 2006 19:50 BST
UK house prices rose by 1 per cent in September, but activity may have reached a plateau, Halifax said on Wednesday. The stronger-than-expected figure confirms that homebuyers have yet to be deterred by August’s surprise rise in interest rates and the firm trend will not be lost on the Bank ... more » Tuesday, October 3
Martinsa bids for Spanish rival Fadesa
by
Jet-to-Let Magazine
on Tue 03 Oct 2006 10:01 BST
Martinsa, a Spanish property group, has announced an offer to buy rival Fadesa for €4bn ($5bn), potentially securing itself a stock market listing and joining a list of real estate companies seeking to raise their profile ahead of a shake-out in the overheated market. The unlisted group, led by Fernand ... more » Monday, October 2
Dominic Farrell - the effect of politics and economics on Poland
by
Jet-to-Let Magazine
on Mon 02 Oct 2006 13:08 BST
In the Jet-to-Let Bible I examine the importance of political stability and the role of government and the economy in driving sustainable property markets. I have also cautioned investors to carefully consider any investment they make in emerging markets and take investment appraisals written by companies which want to sell ... more »
Market Preview: ECB expected to raise rates this week
by
Jet-to-Let Magazine
on Mon 02 Oct 2006 08:00 BST
The latest interest rate decisions by the Bank of England and the European Central Bank, due on Thursday, provide the central events of interest this week but there will be plenty of economic data for investors to absorb. The ECB is widely expected to raise eurozone rates to 3.25 per ... more » |
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